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Even Fox News Shoots Down Donald Trump's Economy Boast

President Donald Trump boasted Monday in a tweet that it’s the first time in more than a century that America’s gross domestic product growth is higher than the unemployment rate.

Except that it’s not.

In fact, the GDP has been higher than the unemployment rate more than 20 percent of the time since 1948, according to actual facts.

Even Fox News wasn’t buying Trump’s tout this time.

Kevin Hassett, chairman of the White House Council of Economic Advisers, also shot down the president’s claim, later quipping about yet another Trump tweet that he’s not the head of the “Council of Twitter Advisers.”

But Trump still hadn’t changed his false tweet as of Monday night.

The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!

Fox News research contradicted Trump in a tweet about two hours after his claim, noting that there have been 63 quarters with a GDP growth rate higher than the average quarterly unemployment rate (several during the Clinton administration).

In 2006, unemployment was about 4.7 percent and quarterly GDP growth was significantly higher than it is now, at 5.4 percent, according to data.

Since 1948, there have been 63 quarters with a GDP growth rate higher than avg quarterly unemployment rate

Hassett told skeptical reporters that the GDP has been higher than unemployment for 10 years and speculated that someone may have given Trump that information with an extra zero accidentally added to the 10.

Trump also tweeted that President Barack Obama claimed he’d need a magic wand to boost the economy to 4.2 percent. But Obama was actually talking about boosting manufacturing jobs, not economic growth.